JAKKS Pacific (NASDAQ:JAKK) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• JAKKS Pacific shares rose above their 200-day moving average of $22.70, reaching $24.57 before closing at $24.44; the stock was down 0.6% in the latest session.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” despite recent upgrades from Weiss Ratings, Wall Street Zen, and Zacks Research.
• The company beat quarterly earnings expectations, reporting $0.25 in EPS and $139.24 million in revenue, and announced a quarterly dividend of $0.25, representing a 4.1% annualized yield.

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.70 and traded as high as $24.57. JAKKS Pacific shares last traded at $24.44, with a volume of 54,313 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on JAKK shares. Weiss Ratings upgraded shares of JAKKS Pacific from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 15th. Wall Street Zen upgraded shares of JAKKS Pacific from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 23rd. Finally, Zacks Research raised shares of JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

JAKKS Pacific Trading Down 0.6%

The business has a fifty day simple moving average of $24.73 and a two-hundred day simple moving average of $22.70. The stock has a market cap of $279.59 million, a PE ratio of 17.58 and a beta of 1.39.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.31. The company had revenue of $139.24 million during the quarter, compared to analysts' expectations of $123.01 million. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%. On average, research analysts predict that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. JAKKS Pacific's dividend payout ratio is currently 71.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in JAKKS Pacific by 507.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,957 shares of the company's stock valued at $69,000 after acquiring an additional 2,470 shares during the period. Donald Smith & CO. Inc. purchased a new stake in JAKKS Pacific in the second quarter worth about $4,784,000. Bank of New York Mellon Corp purchased a new stake in JAKKS Pacific in the second quarter worth about $988,000. Bank of America Corp DE increased its stake in shares of JAKKS Pacific by 1.3% during the first quarter. Bank of America Corp DE now owns 37,962 shares of the company's stock valued at $756,000 after purchasing an additional 494 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company's stock valued at $41,000 after purchasing an additional 1,745 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc NASDAQ: JAKK is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company's Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.

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